China's securities watchdog is considering increase quota, foreign institutions are allowed in the country's stock market investment, the agency head said, on Monday, the latest signal from Beijing to open of China's capital market plan.
GuoShuQing, China securities regulatory commission chairman, published earlier to ease rules for foreign investors opinion. In April this year, regulators proposed quota assigned to outside investors, qualified foreign institutional investors plan, is called the QFII, from $30 $to $8 billion.
Guo said, foreigners in China's stock and bond markets account "now" investment of 1.5% to 1.6% of the total money.
"So, I think we can improve at least ten times, 9 times," guo said, in the Hong Kong convention and no further discussion.
The main out for foreign investors in China's stock market due to strict capital controls. Guo jinlong said Beijing's "long-term policy", the opening up of the capital market.
To come to China's opinion, China's transition to a new group of leaders, many of them is to see signs of reform.
He says that, although China's capital does not lack, authorities hope to develop more open and inclusive "capital market.
"Our goal is to make it easier for issue or trading securities of the local residents in the domestic market," guo said. He said: "we will further increase investment, reduce the amount of investment restrictions, reduce the QFII and RQFII plan investment threshold."
QFII plan is the main way to overseas investors, through which can get direct access to China's stock market and RQFII program allow Hong Kong as a base of China's financial company in China's currency, the valuation of securities investment unit.
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